Globalization 101 states that “globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology”1. The definition of globalization sounds like sunshine and rainbows because no one can ever go wrong with uniting the countries together, but the reality is that with globalization in the twenty-first century it is taking one step forward, and two steps back because of the drawbacks that is behind with globalization.The drawbacks of globalization outweigh the benefits because globalization has affected the world on an economic, social, and environmental scale. Ultimately, these factors have hurt the
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Tensions can rise with different economic/political views because as global competition increases in countries they will want to take advantage of another country. In the Yale Global, it states that “Australia has revised its takeover rules to prevent China buying up wholesale its natural resources”2. This statement shows that with China is a dominant country they want to out buy Australia’s natural resources, with Australia already enforcing takeover rules it can lead to China not listening and going in with full force to get their natural resources. Multinational corporations are migrating their factories to different countries and this is allowing them to avoid paying taxes. With migrating to different countries and avoiding tax is a drawback to globalization because the corporation can take advantage of the country they are operating in and avoid to pay in state taxes. Apple is an excellent example of migrating their company and not paying their taxes because they are a multi billion corporation that has their assembly in China which allows them to take …show more content…
The reality of globalization and multinational corporations migrating to developing countries is that workers are not getting human rights because the multinationals do not care enough to fix these issues. In the article, workers that work in the Rana plaza were denied human rights, such as, a union and better working conditions. This is resulting in women getting harassed by their bosses primarily men and getting threatened by their own neighbors because they want a union to get human rights5. This is resulting women and men to suffer because are not getting accommodated for, but instead working in a factory that does not have windows, air conditions, nor fire exits, making it a risk to be going to work in these factories. Poor working conditions also comes along with these factories because in the factories there pressured not to take toilet breaks and they do not have clean water for the workers to drink5. There is no such thing as a fifteen minute break of lunch break in these factories. Companies that produce clothing they are taking advantage of low wages. According, in the article that talks to two sisters Shumi and Minu they only get paid two to three dollars a day and only get a monthly
Tensions can rise with different economic/political views because as global competition increases in countries they will want to take advantage of another country. In the Yale Global, it states that “Australia has revised its takeover rules to prevent China buying up wholesale its natural resources”2. This statement shows that with China is a dominant country they want to out buy Australia’s natural resources, with Australia already enforcing takeover rules it can lead to China not listening and going in with full force to get their natural resources. Multinational corporations are migrating their factories to different countries and this is allowing them to avoid paying taxes. With migrating to different countries and avoiding tax is a drawback to globalization because the corporation can take advantage of the country they are operating in and avoid to pay in state taxes. Apple is an excellent example of migrating their company and not paying their taxes because they are a multi billion corporation that has their assembly in China which allows them to take …show more content…
The reality of globalization and multinational corporations migrating to developing countries is that workers are not getting human rights because the multinationals do not care enough to fix these issues. In the article, workers that work in the Rana plaza were denied human rights, such as, a union and better working conditions. This is resulting in women getting harassed by their bosses primarily men and getting threatened by their own neighbors because they want a union to get human rights5. This is resulting women and men to suffer because are not getting accommodated for, but instead working in a factory that does not have windows, air conditions, nor fire exits, making it a risk to be going to work in these factories. Poor working conditions also comes along with these factories because in the factories there pressured not to take toilet breaks and they do not have clean water for the workers to drink5. There is no such thing as a fifteen minute break of lunch break in these factories. Companies that produce clothing they are taking advantage of low wages. According, in the article that talks to two sisters Shumi and Minu they only get paid two to three dollars a day and only get a monthly